Springform Technology Ltd — Board Meeting, 23-07-2025: Board Meeting

Springform Technology's board has approved major strategic changes. The company intends to increase its authorized share capital from 5 Lakh to 10.10 Cr and issue 1.005 Cr new equity shares at ₹10 each, raising 10.05 Cr from promoters and non-promoters. New statutory and secretarial auditors were approved for five-year terms. Significant operational shifts include changing the company's main business focus and relocating its registered office from Maharashtra to Delhi. The board also approved increasing borrowing limits to 100 Cr and seeking shareholder approval for expanded loan/guarantee limits up to 100 Cr, and a material related party transaction. These key initiatives require shareholder approval at an upcoming AGM.